GST impact: Over 25% of trucks idle amid drop in interstate movement

MUMBAI: More than a fourth of India’s 6 million-strong truck pool is said to be idle after the goods and services tax (GST) came into force on July 1 amid a drop in interstate movement of untaxed and underreported cargo, leading to a fall in retail freight charges. That’s having a knock-on effect on the transport and truck-making businesses, at least in the short term, experts said.

Interstate retail freight rates are down 40-50%, the sharpest decline in over three decades, said SP ..